Quantum Tick Volumes
What there is however is activity, and this is captured as tick volume. After all, volume is simply displaying activity, the buyers and sellers in the market. So for volume read activity, and for activity read volume – simple.
First, the indicator paints the volume bars the same color as the candles on the chart. This means you can quickly match price and volume bars together. If you’re trading using volume and price as your core methodology, this is imperative. Your analysis will depend on a fast interpretation of the volume price relationship.
Second, the indicator prints a dynamic midpoint based on the daily data, giving you an instant picture of whether the volume is high, medium or low in the time frame selected. Again, this is essential for correctly analyzing the price volume dynamic. After all, what is average volume in the London session, may be high volume in the Asian session. The dynamic midpoint level reveals this instantly on the indicator, helping you make sense of the highs and lows of each volume bar.
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Author's instructions
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Disclaimer
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact QuantumTradingSoftware directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.